{"id":1751195,"date":"2022-11-25T07:48:51","date_gmt":"2022-11-25T12:48:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1751195"},"modified":"2022-11-25T09:33:11","modified_gmt":"2022-11-25T14:33:11","slug":"white-house-asks-congress-for-500-million-to-modernize-strategic-oil-reserve-they-depleted","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-asks-congress-for-500-million-to-modernize-strategic-oil-reserve-they-depleted\/","title":{"rendered":"White House Asks Congress for $500 Million to Modernize Strategic Oil Reserve They Depleted"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-asks-congress-for-500-million-to-modernize-strategic-oil-reserve-they-depleted%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1751195&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>WASHINGTON\u2014The Biden administration has asked Congress for $500 million to modernize the U.S. strategic <a href=\"https:\/\/www.theepochtimes.com\/t-petroleum\">petroleum<\/a> reserve (SPR), a document outlining the request shows.<\/p>\n<p>If approved by Congress, the request, issued by the White House on Nov. 15, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the <a href=\"https:\/\/www.theepochtimes.com\/t-texas\">Texas<\/a> and <a href=\"https:\/\/www.theepochtimes.com\/t-louisiana\">Louisiana<\/a> coasts.<\/p>\n<p>President <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a> announced the biggest withdrawal ever from the reserve earlier this year of 180 million barrels in an effort to push down oil prices. The historic release of oil has pushed supplies in the SPR to the lowest level since March of 1984.<\/p>\n<p>The SPR oil is stored in hollowed-out, underground salt caverns that can shift and potentially require maintenance when petroleum is removed and replaced. The facility\u2019s steel pumps and equipment are also subject to constant lashing of moist, salty air, which can be corrosive.<\/p>\n<p>The proposed funding \u201cwould allow the SPR to both maintain operational readiness levels and also alleviate anticipated shortfalls due to supply chain issues, the COVID-19 pandemic, and related schedule delays,\u201d the White House said in the request.<\/p>\n<p>The SPR funding was included in the White House\u2019s proposal for nearly $38 billion in aid to Ukraine as part of a supplemental funding request. The funding for Ukraine for the duration of the fiscal year would go to defense equipment, humanitarian assistance, and nuclear security support, the White House said.<\/p>\n<p>The request also includes $126.3 million for the National Nuclear Security Administration, part of the DOE, to guard against potential nuclear and radiological incidents in Ukraine, the White House said. It would also help Ukraine with security of nuclear and radiological materials, and prevent illicit smuggling of nuclear, radiological, and dual-use materials.<\/p>\n<p>Russia has claimed ownership of the Zaporizhzhia Nuclear Power Plant in Ukraine, Europe\u2019s largest. Repeated shelling has damaged buildings and cut power lines essential to cooling reactor fuel and avoiding a nuclear meltdown. Russia and Ukraine blame each other for the shelling.<\/p>\n<p>DOE spokesperson Charisma Troiano said the money was needed to perform necessary infrastructure repairs and keep the SPR ready for future scheduled sales and to \u201caddress global energy supply chain disruptions\u201d such as those caused by Russia\u2019s invasion of Ukraine.<\/p>\n<p>The White House did not immediately respond to a request for details about why the SPR needs to be modernized.<\/p>\n<p><em>By Timothy Gardner<\/em><\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-reuters\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/reuters-logo-.jpg\" alt=\"Reuters\" \/><\/a><\/p>\n<p>Follow<\/p>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON\u2014The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows.If approved by Congress, the request, issued by<\/p>\n","protected":false},"author":1,"featured_media":1695410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1751195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1751195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1751195"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1751195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1695410"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1751195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1751195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1751195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}